Being Self Employed Does Not Make You a Bad Risk for Mortgages!

Why do the Banks give you Such a Hard Time?

It may be frustrating to obtain mortgage financing, especially if the nature of your business makes it difficult to prove your income.  Most lenders require self employed individual to prove stated income for the past 3 years.

We offer our Self Employed Client’s the “No Income” verification mortgage.  This is designed for clients who cannot verify income with traditional documentation such as pay stubs, T4’s, or Personal Notices of Assessment tax statements.  This type of product requires little to no documentation.  It is the best choice if you are self employed, paid on commissions, contract income, or you just don’t want the hassles of verifying income. Qualifying for this type of mortgage is usually based on credit rating of the applicant.

We’ve all heard the old stories. A successful, self employed Canadian who can’t manage to secure a decent mortgage. It is both ridiculous and unfair – given that nearly one Canadian worker in six is now self-employed. It is the self-employed after all that drive the economy and create jobs.

Policy changes at the Canadian Mortgage and Housing Corporation (CMHC) have begun to acknowledge the contribution and financial status of self-employed Canadians. Some specialised lenders have also emerged that appreciate the value of the Self Employed.

A stated income mortgage,  is tailor-made for self-employed Canadians. All it takes to qualify is your word on income and an assurance that your lending ratios, credit and tax liabilities are in good order. With a 95% loan to value and the most common sense approach to income in the business.

“Advice Matters……and it’s FREE! ”

Unsure What To Do Next?

Discover How I Can Help You Save Time, Money and Hassle with A Free Consultation.

In your free consultation you will discover…

• How to ensure quick approval for your financing
• How to qualify for easy and comfortable monthly payments
• How to avoid the costly financing pitfalls
• How to get the required financing you need and deserve

Reserve Your Free No Obligation Consultation Today:

Call: 416-908-2070

Email: matthewhines@homenwork.com